Singapore's non-oil domestic exports (NODX) jumped by 24.2 percent year-on-year in November of 2021, accelerating from a downwardly revised 17.8 percent gain in the previous month, and far above market consensus of a 17.3 percent growth. It was the twelfth straight month of increase in NODX, and the fastest growth since February 2012, due to stronger rises in sales of both electronic and non-electronic products. Sales of electronic products grew much faster (29.2% vs 14.9% in October), including ICs (41.8%), parts of ICs (54.3%), and disk media products (19.4%). Meanwhile, sales of non-electronic products also advanced more (22.7% vs 18.8%), of which specialized machinery (74.4%), petrochemicals (66.6%), and primary chemicals (80.6%). Among trading partners, exports expanded to China (45.3%), Japan (13.7%), South Korea (57.9%), Taiwan (36.5%), Indonesia (33.7%), Malaysia (14.5%), the US (0.9%), Hong Kong (10.5%), and the EU (9.2%), while dropped to Thailand (-15.8%). source: Statistics Singapore
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore averaged 9.77 percent from 1977 until 2021, reaching an all time high of 70 percent in February of 1980 and a record low of -34.90 percent in January of 2009. This page includes a chart with historical data for Singapore Domestic Exports of Non Oil (nodx) (%yoy). Singapore Non-oil Domestic Exports (NODX) YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Domestic Exports of Non Oil (nodx) (%yoy) in Singapore is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Non-oil Domestic Exports (NODX) YoY is projected to trend around 7.79 percent in 2022, according to our econometric models.